Company

Petronet LNG Limited, one of the fastest growing world-class companies in the Indian energy sector, has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat, and another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 15 MMTPA, which is being expanded to 17.5 MMTPA, the Kochi terminal has a capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence.

Natural Gas

Natural Gas consists mainly of Methane and small amounts of ethane, propane and butane. It is transported through pipelines but is extremely bulky. A high-pressure gas pipeline can transport in a day only about one-fifth of the energy that can be transported through an oil pipeline.

Terminals

The Company had set up South East Asia's first LNG Receiving and Regasification Terminal with an original nameplate capacity of 5 MMTPA at Dahej, Gujarat. The infrastructure was developed in the shortest possible time and at a benchmark cost. The capacity of the terminal has been expanded in phases which is currently 15 MMTPA and the same is under expansion to 17.5 MMTPA. The terminal has 6 LNG storage tanks and other vaporization facilities. The terminal is meeting around 40% of the total gas demand of the country.

CSR

Petronet LNG, as responsible Corporate/Community/Government Citizens, undertake Socio-Economic Development Programme
to supplement the efforts to meet priority needs of the community with the aim to help them become self-reliant.
These efforts would be generally around our work centres mostly in the areas of Education, Civil Infrastructure,
Healthcare, Sports & Culture, Entrepreneurship in the Community. Petronet LNG also support Water Management and
Disaster Relief in the country thereby help to bolster its image with key stakeholders.

Media Centre

Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four.

Four of the top public sector companies of the country's Hydrocarbon Sector viz. Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited (GAIL) have invested in Petronet LNG. Each has a 12.5% equity share, leading to a total of 50% for the four.

Quarterly Net Profit up 113% to Rs. 206 crores and Turnover up by 67% to Rs. 3986 crores

Annual Net Profit up by 53% to Rs. 620 crores and Turnover up by 24% to Rs. 13,197 crores.

Dividend

During the quarter ended March 31, 2011, the company has operated at its full capacity of around 10 MMTPA. The company has regasified a total volume of 125.75 TBTUs against 91.75 TBTUs in the corresponding quarter last year resulting in a turnover of Rs. 3,986 crores, an increase of over 67 % and Net Profit of Rs. 206 crores, an increase of over 113% from the corresponding quarter of last year.

During the financial year 2010-11, the company has regasified a total volume of 440.34 TBTUs against a total volume of 399.62 TBTUs in 2009-10. Turnover for the full year ended 31st March 2011 is Rs. 13,197 crores which has increased by 24% over the last financial year 2009-10. The net profit of Rs. 620 crores for the current financial year 2010-11 is the highest ever net profit achieved by the company since its inception. Net Profit for the full year has increased by around 53% over the last financial year 2009-10. The higher profit is on account of increased volume and increased efficiency in operations.

The Company has executed short term contracts for additional 1.5 MMTPA LNG Â for the Financial Year 2011-12 and 2012 -13 from various sources and has also sold this volume.

The Company has awarded contracts for construction of additional Jetty and associated unloading facilities at Dahej. The additional Jetty is expected to be commissioned by 2nd quarter of Financial Year 2013-14 and will further enhance the capacity at Dahej.

The Company has also awarded the contract for expansion of Kochi Terminal from 2.5 MMTPA to 5.0 MMTPA and the Terminal is expected to be commissioned by 3rd quarter of Financial Year 2012-13.

The Board has recommended a dividend of 20% for the financial year 2010-11 against 17.50% in the previous year.